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Cleveland Company has a stock portfolio valued at $5,430 (available-for-sale). Its cost was $4,900. If the Fair Value Adjustment account has a debit balance of

Cleveland Company has a stock portfolio valued at $5,430 (available-for-sale). Its cost was $4,900. If the Fair Value Adjustment account has a debit balance of $263, prepare the journal entry at year-end. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit

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